Core Insights - The stock price of Beijiajie increased by 2.03% on November 19, reaching 34.68 CNY per share, with a market capitalization of 3.484 billion CNY [1] - Year-to-date, Beijiajie’s stock has risen by 49.16%, with a recent 7.17% increase over the last five trading days [1] Financial Performance - For the period from January to September 2025, Beijiajie reported a revenue of 1.119 billion CNY, representing a year-on-year growth of 18.75% [2] - The net profit attributable to shareholders for the same period was 77.0674 million CNY, showing an increase of 84.58% year-on-year [2] Shareholder Information - As of September 30, Beijiajie had 9,788 shareholders, an increase of 104.47% compared to the previous period [2] - The average number of tradable shares per shareholder decreased by 51.09% to 10,262 shares [2] Business Overview - Beijiajie Group Co., Ltd. specializes in the research, production, and sales of oral hygiene products and disposable sanitary products [1] - The revenue composition of Beijiajie includes: 35.13% from other products, 33.23% from toothbrushes, 24.81% from wet wipes, and 6.83% from probiotics [1] Market Activity - Beijiajie has appeared on the trading leaderboard six times this year, with the most recent appearance on October 29, where it recorded a net buy of -10.9607 million CNY [1] - The company’s stock has a turnover rate of 1.37% with a total transaction volume of 47.2013 million CNY on the reporting date [1] Dividends - Since its A-share listing, Beijiajie has distributed a total of 115 million CNY in dividends, with 46.145 million CNY distributed over the last three years [2]

Core Viewpoint - The company Beijiajie has shown significant stock performance and financial growth, with a notable increase in revenue and net profit year-on-year, indicating strong market positioning in the personal care industry [1][2]. Financial Performance - As of November 13, Beijiajie’s stock price increased by 2.04% to 33.02 CNY per share, with a total market capitalization of 3.317 billion CNY [1]. - Year-to-date, Beijiajie’s stock price has risen by 42.02%, with a recent 6.00% increase over the last five trading days [1]. - For the period from January to September 2025, Beijiajie reported a revenue of 1.119 billion CNY, representing a year-on-year growth of 18.75%, and a net profit of 77.067 million CNY, which is an increase of 84.58% compared to the previous year [2]. Shareholder Information - As of September 30, the number of shareholders for Beijiajie reached 9,788, an increase of 104.47% from the previous period, while the average number of shares held per shareholder decreased by 51.09% to 10,262 shares [2]. Business Overview - Beijiajie Group Co., Ltd. specializes in the research, production, and sales of oral hygiene products and disposable sanitary products, with its main revenue sources being other products (35.13%), toothbrushes (33.23%), wet wipes (24.81%), and probiotics (6.83%) [1][2]. - The company is categorized under the beauty and personal care industry, specifically in the personal care products segment, and is involved in various concepts such as multi-birth, overseas expansion, cross-border e-commerce, and small-cap stocks [2].

Core Insights - Jeya Co., Ltd. experienced a stock decline of 1.45% on November 11, with a trading volume of 34.71 million yuan [1] - The company reported a financing net buy of -1.86 million yuan on the same day, indicating a higher level of financing repayment compared to new purchases [1] - As of November 11, the total financing and securities lending balance for Jeya Co., Ltd. was 40.37 million yuan, representing 1.08% of its market capitalization [1] Financial Performance - For the period from January to September 2025, Jeya Co., Ltd. achieved a revenue of 565 million yuan, reflecting a year-on-year growth of 38.44% [2] - The net profit attributable to shareholders for the same period was 67.90 million yuan, marking a significant increase of 95.78% year-on-year [2] - The company has distributed a total of 150 million yuan in dividends since its A-share listing, with 89.06 million yuan paid out in the last three years [2] Shareholder Information - As of October 31, 2025, the number of shareholders for Jeya Co., Ltd. increased to 8,836, a rise of 16.57% from the previous period [2] - The average number of circulating shares per shareholder decreased by 14.21% to 7,310 shares [2] - Several new institutional investors have entered the top ten circulating shareholders, including multiple funds from Caitong Asset Management [2]

Company Overview - Tongling Jieya Biotechnology Co., Ltd. specializes in the research, production, and sales of wet wipes, established in 1999 [1] - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 3, 2021, and is steadily advancing its fundraising projects [1] Financial Performance - For the first three quarters of 2025, the company reported a revenue of CNY 565 million and a net profit of CNY 67.90 million [2][3] - The growth in performance is attributed to an increase in orders from foreign clients, the realization of business model efficiencies, and continuous optimization of product structure [3] Strategic Initiatives - The company plans to deepen cooperation with international brand clients and is focused on the construction of a factory in the United States to explore new market opportunities [3] - The establishment of the U.S. factory is a strategic decision to optimize supply chain layout and better serve international core customers, enhancing the company's resilience against complex international trade environments [3] Competitive Advantages - The company has developed significant core competitive advantages in technology research and development, production processes, quality control, customer resources, and product variety through years of focused development in the wet wipes market [3] Operational Strategies - To address high labor costs in the U.S., the company will implement automated production lines and optimize management processes to improve operational efficiency and cost structure [3] - A pricing adjustment mechanism is in place to respond to fluctuations in raw material prices and exchange rates [4] Market Positioning - The company is accelerating its global business layout, with expectations that the proportion of foreign sales will exceed 50% this year based on current order conditions [4] - The cosmetics business primarily focuses on providing OEM services for international brand clients while actively expanding domestic customer orders [4] Future Outlook - The company is optimistic about achieving its equity incentive goals for 2025, based on the performance in the first three quarters of the year [4] - Continuous efforts are being made to ensure the smooth progress of fundraising projects, with updates available through company announcements [4]

Core Viewpoint - Jeya Co., Ltd. has experienced a significant decline in stock price, dropping 5.14% on October 29, with a total market value of 3.596 billion yuan and a cumulative drop of 8.85% over four consecutive days [1] Company Overview - Jeya Co., Ltd. is located in Tongling City, Anhui Province, and was established on August 31, 1999, with its listing date on December 3, 2021 [1] - The company's main business involves the research, production, and sales of wet wipes, which account for 84.62% of its revenue, followed by facial masks at 11.95%, personal care products at 1.86%, and other products at 1.58% [1] Shareholder Information - Citic Securities Investment Fund has a presence among Jeya's top ten circulating shareholders, with the Citic Securities Value Growth Mixed A Fund (025231) newly entering the list in the third quarter, holding 1.1926 million shares, representing 1.84% of circulating shares [2] - The fund has incurred a floating loss of approximately 2.0632 million yuan today and a total floating loss of 3.8998 million yuan over the past four days [2] Fund Holdings - The Citic Securities Value Growth Mixed A Fund (025231) holds 1.1926 million shares of Jeya, making it the fourth-largest holding in the fund, accounting for 4.59% of the fund's net value [3] - The fund's manager, Leng Wenpeng, has been in the position for 9 years and 141 days, with a total asset scale of 1.331 billion yuan and a best return of 232.46% during his tenure [2][3]

Group 1: Research Basic Information - Research object: Jieya Co., Ltd. [16] - Industry: Textile and Apparel [16] - Reception time: October 27, 2025 [16] - Listed company reception staff: Deputy General Manager and Secretary of the Board Hu Nenghua, Securities Affairs Representative Xu Wenli [16] Group 2: Detailed Research Institutions - Zheshang Securities (Securities Company), related personnel: Shi Fanke, Cao Xinming, Chen Sinuo, Guo Zeyi, Shan Laijuan [17] - Huashang Fund (Fund Management Company), related personnel: Huang Can, Cui Zhipeng, Shang Jining [17] - China Life Pension (Life Insurance Company), related personnel: Cui Hengxu [17] - Huatai-PineBridge Fund (Fund Management Company), related personnel: Xu Yizhou, Yang Tao, Fang Xinyi [17] Group 3: Main Content Company Profile - Jieya Co., Ltd. was established in 1999, focusing on R & D, production and sales of wet wipes. It went public on the ChiNext of Shenzhen Stock Exchange on December 3, 2021, and its fundraising projects are advancing steadily. In the first three quarters of 2025, its operating income was 565 million yuan, and the net profit was 67.9031 million yuan [23]. Q&A - **Overall business in 2025 and future performance outlook**: In the first three quarters of 2025, the company achieved an operating income of 565 million yuan and a net profit of 67.9031 million yuan. The growth is due to increased orders from foreign customers, economies of scale, and continuous optimization of product structure [23]. - **Core business drivers in the future**: Rely on two engines: deepening cooperation with existing international brand customers to expand product categories and sales regions; new market space and local supply advantages brought by the completion and operation of the US factory [23]. - **Progress in expanding new customers**: Since the second quarter of 2025, the company's wet wipe business has sufficient orders, stable orders from existing customers, and has undertaken some new business of key customers in the European market. It is also actively expanding business in other regional markets of international brand customers [23][25]. - **Cooperation stickiness with customers**: The company's main customers are well - known global enterprises, with strong cooperation stability. These customers have high requirements for product quality and complex supplier certification systems, and rarely change certified suppliers [25]. - **Price adjustment mechanism**: The company has a corresponding price adjustment mechanism with customers, which will be triggered when raw material prices and exchange rates fluctuate [25]. - **Advantages compared with the industry**: Through years of development in the wet wipe market, the company has formed significant core competitive advantages in technology R & D, production technology, quality control, customer resources, and product variety [25]. - **Progress and future planning of the US factory**: The US factory is under construction, expected to be put into operation in 2026, and will focus on serving the North American market [25]. - **Current capacity utilization and future capital expenditure plan**: The current capacity utilization rate is maintained above 80%, and the construction period of new capacity is expected to be 3 - 6 months [26]. - **Independent brand construction**: The effect of the self - owned brand incubated through the fund in the early stage did not meet expectations. The company is still promoting it but has significantly reduced investment [26]. - **Dividend policy in recent years**: The company adheres to the principle of both rewarding shareholders and supporting development, and will formulate a reasonable dividend plan based on actual business conditions and future capital needs [26].

Company Overview - Tongling Jieya Biotechnology Co., Ltd. was established in 1999 and specializes in the research, production, and sales of wet wipes, with over 20 years of industry experience [2]. - The company went public on the Shenzhen Stock Exchange's Growth Enterprise Market on December 3, 2021, and is steadily advancing its fundraising projects [2]. Financial Performance - For the first three quarters of 2025, the company reported a revenue of 565 million yuan and a net profit of 67.9031 million yuan [3]. - The growth in performance is attributed to an increase in orders from overseas clients, the realization of business scale effects, and continuous optimization of product structure [3]. Future Business Drivers - Future growth will primarily rely on two engines: deepening cooperation with existing international brand clients and the new market opportunities and localized supply advantages brought by the upcoming U.S. factory [3]. - The company has maintained stable orders from existing clients and is actively expanding its business with international brand clients in other regional markets [3]. Client Relationships and Pricing Mechanism - The company has strong stability in its relationships with major clients, which are predominantly well-known global enterprises [3]. - A pricing adjustment mechanism is in place to respond to fluctuations in raw material prices and exchange rates [3]. Competitive Advantages - The company has developed significant core competitive advantages in technology research and development, production processes, quality control, customer resources, and product variety through years of focused development in the wet wipes market [3]. U.S. Factory Development - The U.S. factory is currently under construction and is expected to be operational in 2026, primarily serving the North American market [3]. - Key investment risks associated with the U.S. factory include client audit approvals, potential delays in production timelines, and cultural differences impacting production efficiency [3]. Capacity Utilization and Capital Expenditure - The current capacity utilization rate is maintained at over 80%, with new capacity expected to be constructed within 3 to 6 months [4]. - The company’s dividend policy balances shareholder returns with developmental support, adjusting based on actual operating conditions and future funding needs [4].

Company Overview - Tongling Jeya Biotechnology Co., Ltd. was established in 1999, specializing in the research, production, and sales of wet wipes, with over 20 years of industry experience [3]. - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 3, 2021, and is currently advancing its fundraising projects [3]. Financial Performance - For the first three quarters of 2025, the company reported a revenue of CNY 565 million and a net profit of CNY 6.79 million [3]. - The primary reason for the revenue growth in 2025 is attributed to an increase in orders from foreign clients [3]. Business Strategy and Operations - The company is accelerating its global business layout, with expectations that foreign sales will account for over 50% of total business this year [3]. - The current capacity utilization rate is over 80%, and new capacity can be added within three to six months [3]. Future Plans - The U.S. factory is currently under construction, with plans to introduce automated production lines and optimize management processes to control costs, aiming for production in 2026 [3]. - Key future growth drivers include deepening cooperation with existing international brand clients and the new market opportunities presented by the U.S. factory [4]. Risk Factors - Investment risks associated with the U.S. factory include potential delays in production, customer approval processes, and cultural differences affecting production efficiency [3]. Competitive Advantages - The company has developed significant core competitive advantages in technology research and development, production processes, quality control, customer resources, and product variety through years of focused development in the wet wipes market [4].

Group 1 - The core viewpoint of the news is that Jeya Co., Ltd. experienced a decline in stock price and trading volume, with significant financing activities indicating a high level of market interest despite the drop [1][2]. Group 2 - On September 25, Jeya Co., Ltd. saw a stock price drop of 4.13%, with a trading volume of 57.45 million yuan [1]. - The financing data for Jeya Co., Ltd. on the same day showed a financing purchase amount of 4.3845 million yuan and a financing repayment of 5.8120 million yuan, resulting in a net financing outflow of 1.4275 million yuan [1]. - As of September 25, the total financing and securities lending balance for Jeya Co., Ltd. was 41.8837 million yuan, which accounts for 1.22% of its circulating market value, indicating a high level compared to the past year [1]. - The company has a significant reliance on wet wipes, which constitute 84.62% of its main business revenue, while facial masks and personal care products contribute 11.95% and 1.86%, respectively [1]. Group 3 - As of September 20, the number of shareholders for Jeya Co., Ltd. was 8,110, a decrease of 9.30% from the previous period, while the average circulating shares per person increased by 10.26% to 7,972 shares [2]. - For the first half of 2025, Jeya Co., Ltd. reported a revenue of 310 million yuan, representing a year-on-year growth of 8.79%, and a net profit attributable to shareholders of 32.5837 million yuan, which is a 22.55% increase year-on-year [2]. - Since its A-share listing, Jeya Co., Ltd. has distributed a total of 150 million yuan in dividends, with 89.0638 million yuan distributed over the past three years [2].

Group 1 - The core viewpoint of the news is that Beijiajie has shown significant stock performance and financial growth in 2023, with a notable increase in share price and revenue [1][2] - As of September 18, Beijiajie’s stock price increased by 2.03% to 33.63 CNY per share, with a total market capitalization of 3.378 billion CNY [1] - Year-to-date, Beijiajie’s stock price has risen by 44.15%, with a 3.22% increase over the last five trading days and a 35.17% increase over the last 60 days [1] Group 2 - For the first half of 2025, Beijiajie achieved operating revenue of 717 million CNY, representing a year-on-year growth of 15.64%, and a net profit attributable to shareholders of 43.52 million CNY, up 31.31% [2] - The company’s main business revenue composition includes 35.13% from other products, 33.23% from toothbrushes, 24.81% from wet wipes, and 6.83% from probiotics [1] - Beijiajie has been listed on the stock market since March 2, 2018, and has a total of 4,787 shareholders as of June 30, with an increase of 5.65% from the previous period [2]